Today, LinkedIn debuted on The New York Stock Exchange trading at 520 times its 2010 net income, giving the company an $8 billion dollar valuation. In what is the biggest U.S. Internet IPO since Google, LinkedIn is the first social networking site to go public. So, how did the 100 million member social network get to Wall Street?
- Source: Thenextweb.com
This is very interesting! If LinkedIn hit this mark, just image what Facebook will do when it releases it’s IPO. I think we may see one of the biggest IPO releases ever! Not just for an Internet company… But for all businesses.
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Source: The Credit Score Blog